Despite surging implied volatility for its stock options and a new 1-year low of $179.44, investors still view EPAM Systems as a highly attractive choice. While Redburn Atlantic has initiated coverage on the tech firm, it has struggled to accelerate its returns. Despite shares plunge amid demand challenges and mixed Q1 2024 results, the firm remains bullish on its activities in India, having won the 2024 Google Cloud Partner of the Year Award. In addition, several quarters of disappointing earnings have not dampened analysts' forecasts, with numerous upgrades post-earnings. The corporation has furthered its involvement with CloudFrame's Intelligent COBOL Transformation Platform, extending its influence in Latin America, and receiving recognition as a preferred tech company in Colombia. Despite macro headwinds, EPAM has managed to achieve Platinum Partner status with commercetools. While Q1 results were disappointing, causing a downgrade in guidance, the firm's fundamentals remain strong. It has launched an AI-powered DIAL platform and has been named a leader in the 2023 Gartner® Magic Quadrant™ for Custom Software Development Services worldwide.
Epam Systems EPAM News Analytics from Tue, 26 Sep 2023 07:00:00 GMT to Sun, 26 May 2024 14:33:06 GMT - Rating 5 - Innovation 8 - Information 7 - Rumor 0
